Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button

Home > Press > BASF Venture Capital Invests in Aspen Aerogels

Abstract:
Aerogel-based nanoporous insulation materials

Promising new technology for energy-efficient construction

BASF Venture Capital Invests in Aspen Aerogels

Northborough, MA | Posted on October 8th, 2010

BASF Venture Capital GmbH, Ludwigshafen, has led a $21.5 million (about euro 15.7 million) round of investment in Aspen Aerogels, Inc., Northborough, Massachusetts. Aspen supplies reinforced, nanoporous aerogel insulation products that are up to five times more effective than other insulation materials. The company's solutions enable customers to conserve energy in a variety of industries including building and construction, chemicals, transportation and oil and gas.

The current round of financing also included RockPort Capital, Tenaya Capital, Reservoir Capital Group, Arcapita Ventures and Argonaut Private Equity, among others.

Aerogels are silica foams with nanoporous cavities that comprise 97% of their volume; thus earning them the name "solid air." Aerogels have been known as extremely fragile and brittle materials. Aspen has succeeded in producing aerogels in the form of thin, flexible mats at acceptable cost. These blankets are more robust than the existing monoliths and spheres, and just as easy to process as any other flexible insulation material.

"High-performance insulation materials are the key technology for energy-efficient retrofitting of buildings," said Bruce Christensen, Vice President Global Technology and Innovation Management at BASF Construction Chemicals. "These new materials are space-saving and give home owners more options in designing their house to suit their own tastes. Aspen technology can contribute in a major way to energy-efficient homes that also look good."

"Aspen has done an excellent job in advancing aerogel technology for industrial applications," said Dr. Oliver Guthmann, Investment Manager at BASF Venture Capital. "We see an additional very large market potential and further opportunities for profitable growth in the construction industry." Aspen Aerogels products are already in use at BASF, for example at the Antwerp site.

"We are pleased to have developed a strong technical, commercial and financial partnership with BASF," said Don Young, CEO of Aspen Aerogels. "The global building and construction market offers a significant opportunity for aerogel technology, and BASF and Aspen will join forces to target and rapidly penetrate the European market."

####

For more information, please click here

Contacts:
ASPEN AEROGELS, INC.
30 Forbes Road, Building B
Northborough, MA 01532
USA
Tel: 1.508.691.1111
Fax: 1.508.691.1200

Copyright © Aspen Aerogels

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

New lithium-oxygen battery greatly improves energy efficiency, longevity: New chemistry could overcome key drawbacks of lithium-air batteries July 26th, 2016

Scientists test nanoparticle drug delivery in dogs with osteosarcoma July 26th, 2016

Nanometrics Reports Second Quarter 2016 Financial Results July 26th, 2016

Ultrasensitive sensor using N-doped graphene July 26th, 2016

Investments/IPO's/Splits

Nanometrics Announces Upcoming Investor Events July 20th, 2016

Keystone Nano selected as a top scoring company by NCI investor review panel July 19th, 2016

Arrowhead Pharmaceuticals to Present at Cantor Fitzgerald's 2nd Annual Healthcare Conference July 6th, 2016

Nanometrics to Participate in the 8th Annual CEO Investor Summit: Investor Event Held Concurrently with SEMICON West 2016 in San Francisco June 22nd, 2016

Announcements

New lithium-oxygen battery greatly improves energy efficiency, longevity: New chemistry could overcome key drawbacks of lithium-air batteries July 26th, 2016

Scientists test nanoparticle drug delivery in dogs with osteosarcoma July 26th, 2016

Nanometrics Reports Second Quarter 2016 Financial Results July 26th, 2016

Ultrasensitive sensor using N-doped graphene July 26th, 2016

Home

Industrial Nanotech, Inc. Expands Distribution Network in US and Internationally May 9th, 2016

A View Through Wood Shows Futuristic Applications: Transparent wood made at UMD could create new windows, cars and solar panels May 5th, 2016

All powered up: UCI chemists create battery technology with off-the-charts charging capacity April 21st, 2016

Transparent wood could one day help brighten homes and buildings March 31st, 2016

Construction

Designing climate-friendly concrete, from the nanoscale up: New understanding of concrete’s properties could increase lifetime of the building material, decrease emissions July 25th, 2016

Sensing trouble: A new way to detect hidden damage in bridges, roads: University of Delaware engineers devise new method for monitoring structural health July 8th, 2016

Finding a new formula for concrete: Researchers look to bones and shells as blueprints for stronger, more durable concrete May 26th, 2016

Nanotechnology is changing everything from medicine to self-healing buildings: Nanotechnology is so small it's measured in billionths of metres, and it is revolutionising every aspect of our lives April 2nd, 2016

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic